New-York tribune., 1887-11-21
MONEY And BUSINESS.


set back at the end, which was not unnatural
after three times the wheat received here in ten
and one half months had been sold in six days,
the price closed with about cents advance.
Cotton and oats rose more than cent, but
dropped back on Friday and Saturday; sales
were li25l 900 bushels corn and 2.2i2 900
oats. Pork rose 75 cents. lard 40 cents per
100 pounds butter half cent coffee a quarter
oil thrcc-ouartcrs. and coal - cents or more
copper thrcc-qualtcrS, tin a quarter, and PRINT
cloths a sixteenth Cotton lost shade Of it's
great advance the previous week, and lead iclI
, cents per 100 pounds Stocks climbed about
50 per share but sales were heavy under cover
Of the advance gradual yielding in prices
began Thursday and was visible Friday and
saturday. and the close was < 81 per share
above the previous week Meanwhile the
Treasury added S2.jij.6IG to its deposits in
banks. and yet took in 81 100000 more cash
than it paid out.
The sales Of 35.57G. 900 bushels Of wheat
n, Ncw-lorl in a day will be considered healthy
business only by those who rejoice at the
declaration Of a 1900 per cent dividend by
birmingham Ind company, avowcdiy based on
rDtcS for :! 100 900 received for iand sold.
Naturally. after such realizing, the market for
" neat declined the next day cent The cX-
port, for two weeks Of November had been
l.3GliSs bushels from the chief Atlantic ports,
against 2.3?9.72j for the same wccl, last year;
Of corn 1.lG3.71G against l,3SS.ll5 bushels,
and II oats G.277 against 93.l35 bushels. The
subsequent rise lc>>cncd exports. and the West
crn receipts for the latest reported week were
33 per cent larger than for the same week last
year.
The cotton excitement appears TO have abatcd
after the sales Of over llOOOOO bales IN
week; last week the sales ~ to SGS.9OO, and
"Thc Financial Chronicle says IN view of It's
onn reports: "Of one thing We feel perfectly
well assured. and that is that the present crop
Will be in excess of the last Reckoning
half the months overland movement and
southern consumption, the quantity already in
,lch should BE- about 3.39SOOO bales. which
would be almost Il per cent Of the entire crop,
II the Agricultural Bureau is correct, and last
year to the same date r. 3 per cent had come
from the plantations, and in 1855 but iJ.s
Der cent. II fit be true that Gij. 900 bales more
have already come forward than at the same
time last wear and vet the crop is smaller. the
future movement will be less profitable TO
tranSportcrs.
The railroads continue 10 report gains aver
aging per cent on seventy nine roads for
the first week in November On the lO2 roads
rcInrtng gains Of - per cent in October, there
wa, an increase Of per cent IN mileage, and
On siNty-hvc which reported gains oi
3.G72. 800 in gross earnings for September
the increase in expenses was :! 6O6, iOi Inter
state decisions no longer attract much pubic
attention. but steadily curail the earning power
Of the railroads from a given tralilc. ana YET
men who represented majority IN the last
Congrcs, are threatening to apply new re-
-trictions as soon az Congress meets. Inc
conpanics are not much to blame for doing the
hest they can under such circumstances, but
there is room to doubt whether next year viii
witness Q los miles Of new railroad completed
to November /, the record published for this
year
The interior exchanges continue large; "hlle
New York with the extraordinary speculation
Of last week gained only per cent over last
wear. the exchanges outside Of Ncw-i ork
showed a gain Of l3 per cent Not many de-
partmcnts Of trade or industry can be found Ill
which so l1rgc an increase Is cNhIptcd D!
,ccords of nroducls transferred. Production OF
iron is exceptionally large but it is disputed
nnnt how far consumption now keeps pace wllh
bc increase. Wool sales are improving IN
quantity and tone, but not yet up to those o'
last wear for the same weeks. Coat conSump-
tion in October was 3,i2lO7O tons against
35S9.52l last year and 3.1l6,f5I IN 1892
The Gram movement from this country and the
,cccipts at Western ports both fall below last
wear to the same date, and receipts ut Atilntic
ports thus far amount to 3o'oOo'ooo o"Su''N
for the crop year against o0,OOoooo puSh''>
last wear The increase IN hogs packed during
twelve months ending October 81 Is IL per
cent I3.O7i27i this year against ll'9'2''"S
last year, but there appears decrease OF per
cent i'm weight There is steady ana Whoi'-
some but not ilrgc increase IN the movement
Of boots and shoes. But in real estate trans
actions, in the building trades, IN railroad
building and in speculation OF all kinds, thcfe
~ evidently an increase much exceeding inc
general gain in productive industry, ana 'h'
speculative activity may with reason De traced
tu the fact that the volume of currency III CIR
culation is larger than at any past period
School Commissioner Dodge made up her mnd
Inst week that the women IN the school Boaru
were there to I've heard as well as sen She mahc
her hrst speech. and il was 30 eh''tN'
that the point She favored was easily carried
womcnnrc undoubtedly valuable addition TO the
Hoard of thucation and there is no reason why
they should play silent Iarts.
Now that the Long Island RAILROAD Company has
removed the only obstacle in the way OF the eN
tension of the Brooklyn water works, there ~
reason to hope that this much nc' dcd Improvement
Will be made without longer delay. The plans
we're completed two years ago. One cause Of delay
has been the difficulty in getting the right OF
way through some small parcels of land; this